Bitcoin Coinbase Update 12:52gmt 07:52est Although it's rallied above the 8768 line and held the the little retest the rally from there has been very lame so far. Looks to be waiting for more buyers going into US open. They need to be there or this long shot will get stopped ...raising stop to 8810 as if it gets hit it will come back to the 8768 line...
Bitcoin Futures BTC1! CME Near Date The futures chart is showing some of the clearest trend lines at moment so is worth a look. Price action yesterday has not helped the bull cause. The chart shows Bitcoin is still in a very precarious state. Yesterday's fencing battle with thrusts upwards and spikes down was by turns dreary and stultifying and mixed with...
Bitcoin BTCUSD Key Levels Today Busted out of the long just under the target at 11738 on the Bitfinex feed with the high at 11700, some 38 points shy of the final completion target. Cruel Bitcoin. We were looking to short from the target - those who did so have been rewarded for their courage. If you were one of them then well done to you. It was close to...
I have bought 70 bitcoins at 11200 betting it will goes up at least to the previous high. I believe it will break its previous high very soon. I'm looking for 200 to 300 points profit.
NEOUSD Still Positive - Next Buy Point Approaching The minimum upside target created by the RHS is 173 but it's taking its time to get there. Looks to be in process of completing another continuation pattern before firing higher again soon. Once it passes 128 and holds there it should advance to 148/150 where the upper dynamic will most likely reject it again...
Bitcoin BTCUSD Saturday Update/Buy Points After another 15 hour period of dreary consolidation lasting through the European session and right through the US session to the close Bitcoin finally bottomed right on the low point forecast for the day before the rally we spent all day waiting for finally kicked in. Patience was finally rewarded as Bitcoin began...
Bitcoin Thursday Update The devil fools with the best laid plans. By 22:39 we were looking for a rally to kick in from the lows at 10200 with 3 near term upside tagets in mind, at 10684 and then 10857 and 11180. Then, because Bitcoin never sleeps but unfortunately we do, set a stop on the long under 10400 for overnight - and it was taken out about half an...
Latest Update 11:00est: Bitcoin is still positive and a near term buy on retests of the smaller dynamic underpinning the day's rally towards the blue support line at 9960-9940 with stops below 9900. Also raising the stop here to just under 9900 on current longs on Bitfinex to trap in 100 + points if it gets struck (day trading). The other choice for swing...
FTSE 100 UK 100GBP Key Levels and Trade set-ups today This chart shows FTSE's great 9 year rally from start point at the lows of 2009 to the end point on 11.01.18. This cycle forms part a longer 9 year year cycle that was described and shown in last FTSE comment. The lines of support and resistance are clear and should be helpful in coming trades... FTSE has...
Bitcoin: BTCUSD Looking Up - Next Buy Points Today Having spent the overnight session in far East with no buyers or real interest Bitcoin drifted as a consequence. But the good news was it didn't crash ...that is a massive positive sign that whilst it was getting tired overnight, it wasn't getting rejected and sold off - just neglected more than rejected. Good...
S&P 500 Index SPX Next Buy and Sell Points Today A poor call on this index yesterday led to the loss of some 12 -15 points as the buy point at 2627 was broken and the stop at 2614 triggered. It wiped out the 6 point win earlier but at least the 60 point win on the short on Moday and the next 60 points or so from the long on Tuesday means the point tally for the...
NETFLIX NFLX Buy Neflix and Chill - but where? Volatility returning to the market is throwing up some interesting short term trading opportunites, with Netflix being a prime example... The nearest support lies at 261. If this fails today it should open up a shorting opportunity back to 228-245 range. The 245 level is important, being the start of the...
S&P 500 Index Update Next buy and Sell Points Yesterday the S&P fell 5 points shy of the next target, busting out the next long as support and stops just under the 2715 break line were hit and so turning a 12 point profit into a 2 or 3 point loss. Not so good. It looks as if it will fall further now to retest 2669 and maybe spike as low as 2661 level but...
Bitcoin BTCUSD Update Next Buy and Sell Points We left this overnight waiting for the 4th break lower to hopefully develop a double bottom to show loss of downside momentum and looking for the rally to recommence from there. Interestingly - for some at least - the low was actually also the tiniest of gaps which was created (green arrow) on exit of the last...
ETHEREUM ETHUSD Update So maybe you have 5% more ETH for your money than yesterday...and if not ETH is back at the same levels again, but this time challenging resistance from the underside of the dynamic which until yesterday had been good support...so we've seen this pattern countless times before...ETH is vulnerable again here - must find buyers now to...
Bitcoin BTCUSD Next Buy and Sell Points Today We left Bitcoin overnight to track the parallels lower to the next downside target at 8300 on Coinbase chart. The low so far is 8310. Close but no cigar. Bitcoin is still under pressure whilst unable to break above the dynamic which has clipped all rally attempts overnight - cannot be bought unless it breaks...
DXY: Dollar Index - A Big day ahead for the Dollar Near term Key to Gold, WTI, Brent and Pairs The dollar is stooging around now having fought itself to near stand-still - it's likely to start moving in a tight 50 pip range at 89.30 above and 88.79 below - will whipsaw most likely later today...can play the whip if super slick (not me!) or can stand back and...